2. IRA/Roth IRA

Take the tax deductions from your yearly IRA contributions and invest that amount into your Roth IRA. Investing the tax break into your Roth allows you to generate income using tax-free money.

3. Investment Account

Investing takes on a lot of roles, but we’re talking about a general investment account you can open with any major bank. While just the tip of the iceberg, investments in lower-yield but steady growth sectors are the perfect way to compound wealth.

4. Saving Goals

You can’t invest anything if you aren’t saving money.

Your 30s are an excellent time to put away money that you can eventually turn into more money. Make monthly money goals and do your best to hit them. The future is more important than a bar tab.

5. Insurance for Financial Protection

Insurance is a great gamble that seems like a waste of money. However, certain insurance, like homeowners insurance, for instance, is extremely important. Think about taking out more than the minimum.

In certain natural disaster-prone areas of the country, going without top-notch insurance is like heading into a hurricane without a life vest.

6. Debt-Free Living (Within Reason)

Some debt is good debt; car loans and mortgages (check out Hommati if you’re ready to buy your first home) being an excellent example.

However, not all debt is good debt. Some debt is very bad debt. In your 30s, take the initiative and clean up your credit card debt and other high-interest debt.

7. Emergency Savings

There’s no time like the present to start an emergency savings account. An emergency account ensures you’re ready for the worst, and even the not-so-bad. While a few flat tires aren’t the end of the world, an emergency fund makes them an afterthought.

8. Buy Quality

Buying quality is like an investment in the future that you can enjoy right away. We’re talking moderate ticket items here.

Buy high-quality furniture, kitchenware, and more. When things last a lifetime you only have to buy them once.

Money Goals and More

If you enjoyed learning about money goals, don’t hesitate to keep up with the rest of our content.

We’re dedicated to improving lives through engaging reporting. Make sure to stay engaged, informed, and up-to-date.